Published: May 24, 2012
JanusData, a team of four MIT Sloan Fellows, is the winner of the $10,000 Thomson Reuters Data Prize, awarded to a business plan team for which an innovative use of data is core to the business.
The inaugural prize was announced May 9 and awarded at the May 15 MIT $100K Business Plan Contest Finale on the MIT campus. The team also pitched its business plan during the event.
All four team members, Brian Beachkofski, Moreno Buehler, Michael Chapp, and Mohd Ridzwan Nordin, are members of the MIT Sloan Fellows Class of 2012.
“JanusData connects retailers with consumer data allowing companies to see beyond their walls, while enabling consumers to monetize and control their financial data,” said Nordin. “We look to the consumer side of the transaction to get a standard set of retail data that we can share openly. We pay consumers for their data, aggregate and anonymize the data, and then sell consumer data and analytic services to retailers. Companies can see their transactions now, but we know retailers will pay a premium to see their competitors’ data in near real time.”